Which of the following statements is true?
A) Fraud usually results from unintentional errors.
B) Fraud is more violent and traumatic than robbery.
C) Fraud always involves deception, confidence, and trickery.
D) Losses from fraud are less than losses from robbery.

Question

Quizplus · Accepted Answer

Fraud is defined as intentional deception, confidence, or trickery for the purpose of financial or personal gain. This distinguishes it from unintentional errors or mistakes. Therefore, statement A is false. Fraud can often involve non-violent tactics such as identity theft or forgery, whereas robbery is a violent crime that involves physical force or threats. Thus, statement B is false. The purpose of fraud is typically financial gain, and losses can be significant for victims and businesses alike. While the amount of losses can vary, it is often comparable to or greater than losses from robbery. Therefore, statement D is false. The only true statement is C, which correctly identifies the key elements of fraud.

Which of the Following Statements Is True